Workiva (WK) Getting Somewhat Positive Media Coverage, Analysis Finds
News stories about Workiva (NYSE:WK) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Workiva earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.6695062533023 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages have commented on WK. Robert W. Baird increased their price target on Workiva from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, September 21st. SunTrust Banks reiterated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of Workiva in a report on Wednesday, September 20th. Morgan Stanley increased their price target on Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group increased their price target on Workiva from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Finally, Northland Securities restated a “buy” rating and issued a $23.00 price objective on shares of Workiva in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.14.
Workiva (NYSE WK) opened at $21.05 on Wednesday. Workiva has a 12-month low of $12.15 and a 12-month high of $23.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of -1.29.
Workiva (NYSE:WK) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.17. The company had revenue of $52.10 million for the quarter, compared to the consensus estimate of $50.64 million. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.23) earnings per share. research analysts predict that Workiva will post -1.1 EPS for the current fiscal year.
In related news, major shareholder Jerome M. Behar sold 5,885 shares of Workiva stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $20.20, for a total value of $118,877.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jerome M. Behar sold 3,798 shares of Workiva stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $20.25, for a total value of $76,909.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,154 shares of company stock valued at $2,256,241. Company insiders own 33.29% of the company’s stock.
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Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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